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Saudi Arabia plans to keep state spending under control.
Image: swisshippo/Bigstock .

Global firms in race to manage Saudi projects

RIYADH, July 27, 2016

Several international companies have submitted bids for a consultancy contract to manage Saudi Arabia’s National Project Management Office, part of an effort to keep state spending under control, a report said.

The companies include Bechtel, Fluor, Parsons, CH2M, Aecom and Hill International, the Bloomberg report said.

The new office will oversee and support projects awarded by government agencies, the report said quoting two people with direct knowledge of the matter. The contract is expected to be awarded in the coming months.

The Saudi cabinet created the office last year to control capital spending.




Tags: Saudi Arabia | consultancy | Projects |

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